topic Re: Piggybacking in General Credit Topics

Piggybacking

Anonymous — Sun, 17 Jun 2007 18:04:56 GMT

I made the mistake of using all my personal credit for my business and now I am trying to pay it down, but the %'s I am paying are still too high so therefore I am trying to piggyback off others credit. I am having them add me as an authorized user on there accounts so it helps raise my score so I can gain better rates and receive offers. Any thoughts on this? Ive heard rumors that authprized users will soon not be a part of the fico score. Is this the case? I hope not.

Re: Piggybacking

Anonymous — Sun, 17 Jun 2007 18:12:21 GMT

@Anonymous wrote:
I made the mistake of using all my personal credit for my business and now I am trying to pay it down, but the %'s I am paying are still too high so therefore I am trying to piggyback off others credit. I am having them add me as an authorized user on there accounts so it helps raise my score so I can gain better rates and receive offers. Any thoughts on this? Ive heard rumors that authprized users will soon not be a part of the fico score. Is this the case? I hope not.

100% true. See the AU thread.

Re: Piggybacking

Tuscani — Sun, 17 Jun 2007 19:17:17 GMT

http://ficoforums.myfico.com/fico/board/message?board.id=ficoscoring&thread.id=4008